Československá obchodní banka

From Wikipedia, the free encyclopedia

Československá obchodní banka, a.s.
Type Public
Founded 1964
Headquarters Prague, Czech Republic and Bratislava, Slovakia
Key people Ing. Pavel Kavánek (CEO)
Industry Financial services
Products Banking, insurance, asset management, pension funds, leasing and factoring
Revenue €190 million
Employees About 1,500 in Slovakia
Parent KBC Bank

Československá obchodní banka (ČSOB) is a commercial bank operates on two national markets, Czech Republic and Slovakia. It is the largest bank domiciled in the Czech Republic and in Central Europe, measured by the value of assets. As a universal bank, it offers a full range of banking services to individuals and companies.

Contents

[edit] History

ČSOB is a bank institute established in 1964 and founded in former Czechoslovakia as the sole bank providing foreign trade financing and convertible currency operations in what was then Czechoslovakia. After 1989, ČSOB expanded its activity by including services for new entrepreneurial entities and for individuals.

Milestone in ČSOB's history was its privatisation in June 1999, when the Belgian KBC Bank, a member of the KBC Group NV, became the majority owner of ČSOB.

As at December 2004, ČSOB had about 3.2 million clients in the Czech Republic and Slovakia. The clients were served through 210 branches in the Czech Republic, through 78 branches for retail clients in Slovakia and via direct banking channels.

[edit] ČSOB Group

ČSOB Group is the largest financial institute in the financial services industry in both Czech and Slovak markets. Total assets of the Group grew to almost €30 billion, the Group employs nearly 10 thousand people, and serves over 5 million customers.

[edit] Owners

The owners of ČSOB are Belgian KBC Bank (a member of KBC Group NV) and European Bank for Reconstruction and Development.

[edit] Headquarters

[edit] See also

[edit] Links